Komori
Toyo Securities (8614) · RiskCommissions received increased significantly year on year

Dependence on Intermittent and Uncertain Customer Transactions

First written in FY2016. 17 of 35 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.

35entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2019-Q1 – FY2020-Q3OtherFY2020 – FY2022-Q32016: 320162017: 420172018: 420182019: 420192020: 420202021: 320212022: 420222023: 320232024: 320242025: 220252026: 12026
Same theme, other companies
Revenue structure dependent on fee incomeA theme 2 companies write about · 1 as a headwind · 0 as a tailwind

Toyo Securities moved to the "Worse" side of this theme in 2016.

0 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026Commissions received increased significantly year on yearAnnual report

    「Total commissions received were ¥1,139.1 million (up 32.8% from the previous consolidated fiscal year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions increased, but the underlying revenue structure affected by customer transactions remains unchanged.
  2. FY2026-H1Commissions received increased.Annual report

    「Total commissions received were ¥501.6 million (up 17.8% from the previous interim consolidated fiscal period).」

    Commissions received from customer transactions exceeded the same period of the previous year, but the underlying revenue structure affected by discontinuous and uncertain customer transactions remains unchanged.
  3. FY2025MaterialisedAnnual report

    「Total commissions received were ¥857.5 million (down 9.7% from the previous consolidated fiscal year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions declined, and the instability of revenue was reflected in full-year results.
  4. FY2025-H1MaterialisedAnnual report

    「Total commissions received were ¥425.5 million (down 6.1% from the previous interim consolidated fiscal period).」

    Commissions received from customer transactions fell below the same period of the previous year, and the revenue structure affected by discontinuous and uncertain transactions was reflected in interim results.
  5. FY2024Commissions received increased for the full year.Annual report

    「Total commissions received were ¥949.7 million (up 33.0% from the previous consolidated fiscal year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions increased 33.0% from the previous fiscal year. The revenue structure remains affected by customer transactions.
  6. FY2024-Q3Commissions received increased year on yearAnnual report

    「Total commissions received were ¥671.8 million (up 26.4% from the same quarter of the previous year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions exceeded the same period of the previous year, but the underlying revenue structure affected by customer transactions remains unchanged.
  7. FY2024-Q2Commissions received increased year on yearAnnual report

    「Total commissions received were ¥453.3 million (up 33.5% from the same quarter of the previous year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions exceeded the same period of the previous year. The underlying revenue structure affected by customer transactions remains unchanged.
  8. FY2024-Q1Commissions received increased year on yearAnnual report

    「Total commissions received were ¥220.9 million (up 35.0% from the same quarter of the previous year).」

    Commissions received that depend on discontinuous and uncertain customer transactions increased 35.0% year on year. The underlying revenue structure affected by customer transactions remains unchanged.
  9. FY2023-Q3MaterialisedAnnual report

    「Total commissions received were ¥531.2 million (down 23.5% from the same quarter of the previous year).」

    Commissions received that depend on discontinuous and uncertain customer transactions declined 23.5% year on year, and the instability of revenue was reflected in cumulative third-quarter results.
  10. FY2023-Q2MaterialisedAnnual report

    「Total commissions received were ¥339.3 million (down 27.5% from the same quarter of the previous year).」

    Commissions received that depend on discontinuous and uncertain customer transactions declined 27.5% year on year, and the instability of revenue was reflected in results.
  11. FY2023-Q1MaterialisedAnnual report

    「Total commissions received were ¥163.6 million (down 30.9% from the same quarter of the previous year).」

    Commissions received that depend on discontinuous and uncertain customer transactions declined 30.9% year on year, and the instability of revenue was reflected in results.
  12. FY2022MaterialisedAnnual report

    「Total commissions received were ¥860.9 million (down 2.4% from the previous consolidated fiscal year).」

    Commissions received from customer transactions declined from the previous fiscal year, and the instability of revenue was reflected in full-year results.
  13. FY2022-Q3Commissions received increased year on yearAnnual report

    「Total commissions received were ¥695.1 million (113.3% of the same quarter of the previous year).」

    Commissions received from customer transactions exceeded the same period of the previous year, but the underlying revenue structure affected by customers' discontinuous and uncertain transactions remains unchanged.
  14. FY2022-Q2Commissions received increased year on yearAnnual report

    「Total commissions received were ¥468.5 million (125.6% of the same quarter of the previous year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions exceeded the same period of the previous year, but the underlying revenue structure affected by customer transactions remains unchanged.
  15. FY2022-Q1Commissions received increased year on yearAnnual report

    「Total commissions received were ¥237.0 million (147.7% of the same quarter of the previous year).」

    Commissions received from customer transactions exceeded the same period of the previous year. However, there was no material change in the underlying revenue structure affected by customers' discontinuous and uncertain transactions.
  16. FY2021-Q3Commissions received increased year on yearAnnual report

    「Total commissions received were ¥613.4 million (124.4% of the same quarter of the previous year).」

    Commissions received from customer transactions exceeded the same period of the previous year, but the underlying revenue structure affected by customer transactions remains unchanged.
  17. FY2021-Q2Commissions received increased year on yearAnnual report

    「Total commissions received were ¥372.8 million (122.9% of the same quarter of the previous year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions exceeded the same period of the previous year, but the underlying revenue structure affected by customer transactions remains unchanged.
  18. FY2021-Q1Commissions received increased slightly year on year.Annual report

    「Total commissions received were ¥160.4 million (100.6% of the same quarter of the previous year).」

    Commissions received that depend on customers' transaction activity increased slightly year on year, but the revenue structure affected by discontinuous and uncertain customer transactions remains unchanged.
  19. FY2020Commissions received increased from the previous fiscal year, but the instability in the revenue structure continues.Annual report

    「Total commissions received were ¥678.1 million (101.3% of the previous consolidated fiscal year).」

    Commissions received from customer transactions increased from the previous fiscal year, but the underlying revenue structure, which is affected by market conditions and customer transactions, remains unchanged.
  20. FY2020-Q3MaterialisedAnnual report

    「Total commissions received were ¥493.0 million (92.3% of the same quarter of the previous year).」

    Commissions received that depend on discontinuous and uncertain customer transactions fell below the same period of the previous year, and the instability of revenue was reflected in results for the cumulative third quarter.
  21. FY2020-Q2MaterialisedAnnual report

    「Total commissions received were ¥303.2 million (80.2% of the same quarter of the previous year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions fell to 80.2% of the same period of the previous year, and the instability of revenue was reflected in results.
  22. FY2020-Q1MaterialisedAnnual report

    「Total commissions received were ¥159.5 million (80.8% of the same quarter of the previous year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions fell to 80.8% of the same period of the previous year, and the instability of revenue was reflected in results.
  23. FY2019MaterialisedAnnual report

    「Total commissions received were ¥669.2 million (70.8% of the previous consolidated fiscal year).」

    Commissions received that depend on discontinuous and uncertain customer transactions fell to 70.8% of the previous fiscal year, and the instability of revenue was reflected in full-year results.
  24. FY2019-Q3MaterialisedAnnual report

    「Total commissions received were ¥534.0 million (75.8% of the same quarter of the previous year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions fell to 75.8% of the same period of the previous year, and the instability of revenue was reflected in results.
  25. FY2019-Q2MaterialisedAnnual report

    「Total commissions received were ¥378.0 million (86.7% of the same quarter of the previous year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions fell below the same period of the previous year, and the instability of revenue was reflected in results.
  26. FY2019-Q1MaterialisedAnnual report

    「Total commissions received were ¥197.1 million (91.0% of the same quarter of the previous year).」

    Commissions received that depend on customers' discontinuous and uncertain transactions fell below the same period of the previous year, and the instability of revenue continued to be reflected in results.
  27. FY2018Commissions received increased year on yearAnnual report

    「Total commissions received were ¥945.2 million (116.2% of the previous consolidated fiscal year).」

    Commissions received from customer transactions increased from the previous fiscal year, but the revenue structure affected by customers' discontinuous and uncertain transactions remains unchanged.
  28. FY2018-Q3Commissions received increased year on yearAnnual report

    「Total commissions received were ¥703.7 million (120.6% of the same quarter of the previous year).」

    Commissions received from customer transactions increased year on year, but the structure in which revenue is affected by customer transaction conditions remains unchanged.
  29. FY2018-Q2Commissions received increased year on yearAnnual report

    「Total commissions received were ¥4,359 million, or 122.0% of the same quarter of the previous year.」

    Commissions received from customer transactions increased year on year. The underlying structure, in which revenue is affected by customer transaction conditions, remains unchanged.
  30. FY2018-Q1Commissions received increased year on yearAnnual report

    「Total commissions received were ¥2,165 million, or 110.3% of the same quarter of the previous year.」

    Commissions received, which depend on customer trading, increased year on year, recovering from the decline recorded in the same period of the previous year.
  31. FY2017MaterialisedAnnual report

    「Total commissions received were ¥8,131 million, or 79.0% of the previous consolidated fiscal year.」

    Commissions received, which depend on customers' discontinuous and uncertain trading, declined to ¥8,131 million for the full fiscal year, or 79.0% of the previous fiscal year's level.
  32. FY2017-Q3MaterialisedAnnual report

    「Total commissions received were ¥5,832 million, or 70.0% of the same quarter of the previous year.」

    Commissions received, which depend on customer trading, declined to 70.0% of the same period of the previous year, with revenue instability also reflected in the cumulative results for the first nine months.
  33. FY2017-Q2MaterialisedAnnual report

    「Total commissions received were ¥3,572 million, or 61.5% of the same quarter of the previous year.」

    Commissions received, which depend on customer trading, declined to 61.5% of the same quarter of the previous year, and revenue instability continued to be reflected in the results.
  34. FY2017-Q1MaterialisedAnnual report

    「Total commissions received were ¥1,961 million, or 60.2% of the same quarter of the previous year.」

    Commissions received, which depend on customer trading, declined to 60.2% of the same quarter of the previous year, demonstrating the instability of revenue.
  35. FY2016First statedAnnual report

    「Commissions received, which account for the largest proportion of the Group's operating revenue, are generated largely by customers' discontinuous and uncertain trading in financial instruments and therefore have low stability and continuity. Accordingly, commission income received may fluctuate significantly depending mainly on conditions in the financial instrument markets.」

    Commissions received declined to ¥10,285 million, or 88.8% of the previous fiscal year's level, indicating that the stated risk of revenue volatility had materialized.
Moved together

"Earnings fluctuations due to volatility in domestic and overseas financial markets" moved the same way as this thread, in the same document, in 16 of its 35 moves.

161510644★123456
  1. ★This thread
  2. 1Earnings fluctuations due to volatility in domestic and overseas financial markets16×
  3. 2Market Price Fluctuation Risk in Proprietary Trading15×
  4. 3Risk of a Decline in the Capital Adequacy Ratio10×
  5. 4Securing stable revenue through net growth in mutual fund assets under custody6×
  6. 5Business Model Transformation4×
  7. 6Impairment risk arising from declines in the value of shares held for policy purposes4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Toyo Securities's next results are scheduled for 2026-10-29. Read the earnings preview
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